The most important altcoin Ethereum (ETH) did not carry out as anticipated regardless of the SEC’s approval of a spot Ethereum ETF.
Whereas this example brought about buyers to anticipate losses in ETH, an attention-grabbing declare got here from CryptoQuant CEO Ki Younger Ju for ETH.
Sharing about Ethereum from his X account, Ju stated that ETH is essentially just like stablecoins because of its worth stability.
CryptoQuant CEO wrote that Ethereum (ETH) acts like a stablecoin because of its worth actions.
Noting that ETH has persistently traded at $3,160 in some months in 2021, 2022, 2024 and 2025, Ki Younger Ju stated:
“MAY 2021 Ethereum $3,160 AUGUST 2021 Ethereum $3,160 JANUARY 2022 Ethereum $3,160 MARCH 2022 Ethereum $3,160 APRIL 2022 Ethereum $3,160 MARCH 2024 Ethereum $3,160 MAY 2024 Ethereum $3,160 JULY 2024 Ethereum $3,160 NOVEMBER 2024 Ethereum $3,160 JANUARY 2025 Ethereum $3,160”
ETH is a stablecoin.”
Whereas CryptoQuant CEO likened Ethereum to a stablecoin, Deribit Asia Enterprise Growth Head Lin Chen acknowledged that the crypto choices market at X predicts a ten.62% chance that the Ethereum worth will exceed $4,000 by the tip of the month.
Ethereum, which has gained 3% within the final 24 hours, continues to be traded at $3,246 on the time of writing.
https://twitter.com/ki_young_ju/standing/1878996132506005584
*Not funding recommendation
